Intesa Sanpaolo (OTCPK:IITSF)
$ 3.915 0.07 (1.82%) Market Cap: 69.89 Bil Enterprise Value: 128.68 Bil PE Ratio: 7.33 PB Ratio: 0.98 GF Score: 69/100
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Q3 2021 Intesa Sanpaolo SpA Earnings Call Transcript

Nov 03, 2021 / 02:00PM GMT
Release Date Price: $2.92
Operator

Good afternoon, ladies and gentlemen, and welcome to the conference call of Intesa Sanpaolo for the presentation of the 2021 third quarter results, hosted today by Mr. Carlo Messina, Chief Executive Officer.

My name is Ashlyn, and I will be your coordinator for today's conference. (Operator Instructions) Today's conference is being recorded. At this time I would like to hand the call over to Mr. Carlo Messina. Sir, you may begin.

Carlo Messina
Intesa Sanpaolo S.p.A. - MD, CEO, GM & Executive Director

Good afternoon, ladies and gentlemen, and welcome to our 9-month 2021 results conference call. This is Carlo Messina, Chief Executive; and I'm here with Stefano Del Punta, CFO; Marco Delfrate and Andrea Tamagnini, Investor Relations Officer.

I'm very proud that even under stress from the pandemic, we continue to achieve excellent results, excellent but not exciting, but in any case, excellent. We delivered a net income of EUR 4 billion, the best 9 months since 2008. Growing profitability and best-in-class efficiency were matched by a solid

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